Executive benefit plans are a critical component of any corporate benefits strategy. We work with you to help design an executive benefit plan that fits your unique needs - whether looking to attract and retain executives, managers, and key employees, deferred compensation or provide replacement income at retirement.
Group life insurance coverage for executives, managers, and key employees gives your executive team peace of mind by helping to take care of their loved ones after they are gone. Plans can also offer compensation to your business if a key employee suffers an unexpected loss. Whether using a term or permanent life insurance policy, we offer solutions for the following needs:
- Estate Planning
- Key Person
- Buy-Sell Agreement
- Wealth Accumulation
- Supplement Personal Life Insurance Program
- Supplement Retirement Income
Anyone could be stricken by an unexpected disability, according to the CDC, 1 in 4 American adults will have some type of disability in their lifetime. Offer an executive benefit plan that gives your key employees the ability to generate income in the event of an illness or injury, on or off the job. Remember, income is your most valuable asset - give your key employees the resources to provide for their loved ones if they are faced with a disability.
Deferred Compensation Plans are used as a supplemental retirement plan to retain & attract executives, managers, and key employees. It withholds a portion of an employee’s pre-tax pay until a specified and is often utilized to withdraw funds when participants are in a lower tax bracket. These plans are especially beneficial to higher paid employees, as the maximum pre-tax annual contribution does not always apply.
Long-Term Care Insurance
Long-Term Care (LTC) insurance is protection that covers home care and assisted living. LTC is often purchased to preserve wealth and alleviate the burden of family members taking care of you. Extend group plan savings to your team by offering LTC in your executive benefits package.
Why George Petersen?
We don’t work for an insurance company; we work for you. By earning the confidence and respect of our customers, we build lasting relationships as part of their decision-making team. Ultimately, this approach results in a client retention rate that is consistently over 95%, one of the highest in the industry.
Giving back to the communities that our employees and clients live in is an important part of our philosophy. See what we are doing to keep our communities thriving.
We take pride in providing our employees a great place to work and providing top level service to our clients. We are honored when others recognize these efforts, take a look at some of the recognition we have received.
Whether you’re looking to protect your family, home or business, we have the experience you’re looking for.